The Latin America, Middle East and Africa Ethnic Wear Market would witness market growth of 12.87% CAGR during the forecast period (2021-2027).
Various factors like the high pace of urbanization & globalization, growing fashion awareness, and shifting lifestyle of the consumers are estimated to bolster the growth of the ethnic wear market over the forecast period. There is a big list of occasions celebrated across different countries. Hence, these occasions would surge the demand and growth of the ethnic wear market.
Some of the major factors contributing to the high growth of modern & organized approaches in the ethnic clothing category are comfort, convenience, and style. Numerous organized suppliers are providing ready-to-wear clothing products, which can attract the attention of millennials and gen Z.
The growing population of the female workforce and the rise in the overall population of females across this region are estimated to fuel the demand for ethnic wear in the region. Along with that, the increasing participation of women in various countries like Saudi Arabia would propel the demand and growth of the ethnic wear market during the forecast period. Along with that, there are many countries of this region, which follow a traditional ethnic wear to represent their culture, which is gaining attraction and recognition from the world.
The Brazil market dominated the LAMEA Ethnic Wear Market by Country in 2020, and would continue to be a dominant market till 2027; growing at a CAGR of 12% during the forecast period. The Argentina market is estimated to grow at a CAGR of 13.8% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 12.3% during (2021 - 2027).
Based on End Users, the ethnic wear market is classified into men, women, and children. Based on Distribution Channel, the ethnic wear market is bifurcated into online and offline. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Ethnic Wear Market is Predict to reach $164.67 billion by 2027, at a CAGR of 10.82%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Vedant Fashions Limited (Manyawar), Ochre and Black Private Limited (Global Desi), BIBA Apparels Private Limited, Elie Saab, Modanisa, Fabindia, and Shanghai Tang.
By End Users
By Distribution Channel
By Country
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